how layoff news is hiding a hot job market

Mary Wilson and

Asthaa ChaturvediRachelle Bonja and

Dan Powell and


Companies like Meta and Twitter have said that they will be cutting jobs. Google and Amazon have announced that they are putting a freeze on any new hiring.

Are tech layoffs a sign of things to come across other sectors? Is this the opening bell for the bad news on the economy that many have been bracing for?


Jeanna Smialek, a correspondent covering the Federal Reserve and economy for The New York Times.

Shoppers in Illinois on Black Friday. Recent data, administration officials say, show the U.S. economy holding up far better than comparable wealthy nations around the world.
Brian Hill/Daily Herald, via Associated Press

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Jeanna Smialek contributed reporting.

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